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Spotswood New Jersey Retiree Sends Letter To Pat
Russo
Dear Ms. Russo:
When I retired from Lucent some 10 years
ago, the stock was around $70 per share and the Company was a great
place to work. Now the stock is down to $3.00 and the Company has a
very bad reputation in regard to the benefits that are being taken
away from those retirees who made money for the Company when it was
doing good.
Now I hear you and some of the other top
level executives are taking MILLIONS in bonus monies which should be
given to the retirees and not you people who are making another
ENRON out of Lucent.
When I retired, the Company was giving cost
of living increases to the Retirees every year. Now the only ones
who are being taken care of is those of you who have made a mess out
of the Company not those of us who worked so hard to make the
Company great.
Not only are you not giving the retirees cost
of living increases but you are taking away our pension money by us
having to pay large amounts of money to maintain our health care. In
some cases retirees are having to pay their entire pension to cover
the cost of medical coverage. My out of the pocket cost this year is
going over $700.00 a month which is almost 1/2 of my pension.
When is the Company going to give the
Retirees something in the pension and benefits? NOT TAKE MORE AWAY.
Edward J. Karecki, Sr.
Spotswood, NJ
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